The creditors will receive a monetary equivalent of the value of their lost crypto assets as April 15 2019.
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The creditors will receive a monetary equivalent of the value of their lost crypto assets as April 15 2019.
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Despite their best efforts, bankruptcy trustees have only managed to recover a fraction of the $160 million ($215 million Canadian) owed to creditors.
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The wallets were thought to be inaccessible following the death of the exchange’s founder in 2018, as he had sole responsibility for the wallet’s private keys.
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Michael Patryn was doxed earlier this year to be the co-founder behind DeFi project Wonderland, which collapsed shortly after.
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Viewers of the documentary, especially those aware of the whole saga, resonated with the conspiracy theory about the founder faking his death.
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“Some people said Wonderland should just be wound down and funds be given back to token holders. I believe this is the easy way out,” says Sestagalli.
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Recently surfaced allegations suggest the founder of DeFi protocol Wonderland was the co-founder of the now-defunct exchange QuadrigaCX.
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Many claimed Gerald Cotten had faked his death and absconded with millions in crypto, even briefly demanding his body be exhumed.
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